Authority: National Company Law Appellate Tribunal, Principal Bench, New Delhi
Order Date: 10.07.2026
Case Overview
This order pertains to two connected appeals (Comp. App. (AT) (Ins) No. 881 of 2024 and Comp. App. (AT) (Ins) No. 1333 of 2024) related to the Corporate Insolvency Resolution Process (CIRP) of Ajnara Realtech Ltd.
The first appeal (No. 881 of 2024) was filed by Vinod Kumar Jha, a director with suspended powers of Ajnara Realtech Ltd., against respondents including Sachin Dhiman and others. The second appeal (No. 1333 of 2024) was filed by Lee Garden Phase 3 Welfare Society (through its President, Mr. Kishlaya Deb Purkayastha) against Ajnara Real Tech Ltd. and others, representing the interests of homebuyers.
The matter was heard in hybrid mode by a bench comprising Justice Mohammad Faiz Alam Khan (Member-Judicial) and Mr. Naresh Salecha (Member-Technical). Multiple legal representatives were present for the various parties, including the suspended director, the homebuyers' society, the Interim Resolution Professional (IRP), and other respondents.
The core development leading to this order was the filing of a report by the Interim Resolution Professional (IRP), Mr. Vaibhav Shahi. Counsel for the appellant (suspended director) requested time to review this report and file objections to it.
Final Outcome
The NCLAT granted the request for an adjournment. It permitted all parties to file their responses or objections to the report filed by the IRP. The hearing was adjourned and the matter is now listed for the next hearing on 03.08.2026.
Topics: Insolvency Proceeding, Real Estate, NCLAT